 Good morning. The United States fracking industry is going to produce 41,000 barrels per day more than it did in January, so that is February plus 41,000 versus January If that is going to last it could mean that by year and the US oil production could have risen by 500,000 barrels a day, so that's half a million barrels. The Fed, not the Federal Reserve It's not the Federal Reserve. It's the OPEC that wants to cut production by 1.5 million barrels a day in January, so this month and non-OPEC Oil producers already announced that they will join with an additional 600,000 barrels a day, so the US production could if it really runs smoothly all but Cancel out the non-OPEC production cuts almost at least and that was yesterday the Reaction of the price of oil was going down because of the fear that the US production increase would somehow Mitigate the effect of the OPEC and non-OPEC production cuts on the weekend There would be a so-called compliance meeting where those that have Talked to and said that they want to cut production within the OPEC and those that joined outside of the OPEC will meet Or at least a member of staff of the cartel of the OPEC will meet to watch for compliance the Canadian dollar tumble yesterday and a rare occasion these days where everybody's talking about more normalization and monetary policy the Bank of Canada Announced that it might do a rate cut because there is Access capacities in the industry that need a stimulus to be filled and the Trump effect of will have an GDP boost of 0.1 percent in this year At least they expect that this will come but that's not enough to fill this capacity gaps and The fiscal stimulus that the Canadian government Initiated wasn't enough so the press is saying and so they need more rate cuts and more easy money coming from Canada and that was moving the Canadian dollar strongly down yesterday US inflation as we've As we've came to know has been moving up ever every Every month since February of last year now, we've got the fifth consecutive increase in Inflation numbers the rent inflation has been going up by 4% real earnings Plus 0.2 percent year over year and that is a stark Difference so we've got year over year Inflation of 2.1 percent, but real earnings are going up by 0.2 percent That's the slowest in almost three years and there was another Almost scary study research study about the year 2015 in the United States life expectancy Times and life expectancy has been going down The first month since 1993 back then we hit the we had the HIV crisis and AIDS crisis today We don't have that but life expectancy is going down an infant mortality rates are going up Then there was another study saying that the upper 10% of the income letter live 14 so that is one for 14 years longer than those in the lower 10% of income letter so that is income inequality in one reason why Trump has gained so many votes and why he will be Inoculated tomorrow as the next president of the United States So when you watch the a profit Developments of the US companies The third quarter has had the first increase in earnings After five quarters of earnings declines the current quarter our current earnings season for the fourth quarter showing gains as well so that is one reason why the market is actually Going up by Wall Street is so strong. It's not only Trump, but it's also the earnings development which has turned positive again